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good afternoon. it's wednesday, july the 13th, and here's what's happening. no deal for you. mcconnell balks, boehner squawks and cantor crows. who is really in charge of the republican party? new evidence today the inmates are truly running this asylum, and no deal for you. media mogul rupert murdoch abandons his bid to control one of the world's largest tv networks. ahead, why one senator believes the phone hacking scandal will definitely hit murdoch's american empire. and terror strikes one of the world's financial centers. who is behind three large coordinated explosions that turned city streets into a scene of utter carnage? we're live with the very latest. we are just an hour away from today's latest round of debt
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talks with growing pessimism setting the stage for a long shot republican escape hatch. in a sign of just how fractured the gop has become, senate republican leader mitch mcconnell has proposed giving the president sweeping new powers to lift the debt limit absent of any congressional approval. administration officials and senate majority leader harry reid praised mr. mcconnell for showing a serious effort to avoid a default. >> he's spent a great deal of time working on this, senator mcconnell did. i commend him for his thoughtful and unique proposal. it's something that we have to look at very closely. i'm heartened by what i read. this is a serious proposal. >> of course, praise from democratic quarters means the proposal is most likely dead on arrival in the house. look no further than tea party republican jayson chafetz who tweeted don't know what in the world mcconnell in the senate is thinking. wow, stupid idea, and while conservatives assail the
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mcconnell plan has a panic button sellout, house speaker john boehner appears at a loss to figure out what will happen if the government can't make a deal. >> i don't know. >> stumped, is he? well, president obama has an idea of what could happen, and most americans won't like it. >> well, this is not just a matter of social security checks. these are veterans checks. these are next on disability and their checks. there are about 70 million checks that go out. >> can you guarantee as president that those checks will go out on august 39rd? >> can i not guarantee that those checks go out on august 39rd if we haven't resolved this issue because there may simply not be the money in the coffers to do it. >> the president's frustration with the republican leadership divide reportedly opening into a harsh exchange. house majority leader eric cantor during tuesday's talks.
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sources say cantor lashed out suggesting democrats leaked details of a budget proposal he made monday while not releasing their own plan in the same way, leading the president to offer a sharp reply that he assumed he was sharing his plan when he showed the details to speaker boehner. well, there's more drama to come in the next hour. nbc's mike viqueira is at the white house. can you furnish us with any more details of the clash that took place between eric cantor and the president. >> reporter: eric cantor represents conservatives within the house republican conference to a great degree, particularly during the negotiations. there was something of a clash yesterday between the president and eric cantor, that is for certain. however, one thing you can count on is that democrats, especially in the house, are going to seize on any division within republican ranks as a divide and conquer strategy and play that up, sort of mischievous, james
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clyburn saying if they have a good relationship, house speaker john boehner, the nominal boss, the actual boss within the house republican conference, if cantor and boehner have a good relationship, i'd hate to see a bad one. for their part the two men say they are on the same page but in an hour just behind these doors here in the west wing of the white house they will go at it again, martin, for the fourth consecutive day. still, the same blocking points here, the same stumbling points. that is over taxes, how are boehner and cantor working together or working at cross-purposes, however they are working, going to overcome the absolute refusal of their conference, particularly the conservative base, not to raise tax nez any way, shape or form. >> who does the white house therefore feel it's negotiating with? is it eric cantor? is it speaker boehner or mitch mcconnell? who is the white house negotiating with? >> well, first of all, on the mitch mcconnell front, a very clever, creative way out of this, it would appear, by all appearances here today, but it's
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not going to fly in the house republican conference, and i think everybody knows that, and harry reid, you a you pointed out in praising it, may have damned it or consigned it to the grave. there's no reason for harry reid to shoot it down. no reason for the president to shoot it down. they haven't done that here. they have said it demonstrates that all republicans, including mitch mcconnell, see the danger in letting the country go into default. but there's no reason for them to stick their necks out. look, they are not ready to compromise if house republicans are going to do that. no question, to answer your question, that speaker boehner and president obama are still in contact. they are still working towards an agreement. big stumbling block, taxes still in the way, martin. >> i should explain, mike, that you're inside because there's a lot of rain outside the white house today. >> another major storm, that's right. >> absolutely. >> thanks so much. >> well, now that he's walked out of debt talks with vice president biden, taken a fight to president obama and clashed with speaker boehner, is there any compromise that will sit with house majority leader eric
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cantor? nbc's luke russert is covering that. republicans, what are they willing to sacrifice in order to reach an agreement? got a copy of the "washington post" which liberally quotes you, but have you been able to get an answer to your question yet? >> reporter: no, and they offer two explanations as to why, martin. number one, they say that a concession republicans are making is just in fact allowing the debt ceiling to go up because that's something that's so unpopular within the house republican caucus. the popular sentiment here in washington, d.c. if the debt ceiling does not go up and there's economic catastrophe, not like one party should own the issue despite the fact that john boehner said yesterday it's the president's problem, the collective thinking up to this point is that the debt ceiling must go up in order for the u.s. economy to survive past august 2nd. the other thing they say, they don't want to negotiate with the media, that they have made concessions. haven't elaborated on what they
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have done specifically, but when you speak to republicans who have been around here for a while, not the ones ideological purist, ones in congress who kind of have this idea that they would like to accomplish something big while they are here. they have said to me that for a democratic president to offer a raising of the age of the medicare requirement entry age is a huge concession that in an ordinary political year a lot of them would obviously vote for, it's difficult to support now because there's no budgeting -- there's no budge in terms of this tax issue as mike viqueira was saying. house republicans will not pass any type of tax increase at this time, no matter how sweet the offer is. for a democratic president to offer extending the medicare age, to offer cuts to social security benefits, to those types of democratic sacred cows, is really quite substantial and most likely not something that you're going to see again for quite a while. >> absolutely. luke russert on capitol hill, thanks so much.
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so with debt talks deadlocked, republican leadership splintered and a debt clock ticking down to a first ever national default, what in the world is next in this crisis to give us an idea of how it might play out, we talk with a man who knows a good deal with playing with political fire. msnbc analyst pat buchanan joins us now. good afternoon. >> good afternoon. >> the evidence we're hearing point to an increasingly contentious relationship between speaker boehner and his number two eric cantor. aren't they supposed to be working alongside each other, and if not, which one do you believe is in charge of these negotiations? >> i think speaker boehner was down at the white house, and i thinky entertained a temptation for the so-called big deal, martin, the $4 trillion deal and getting rid of certain exemptions, deductions, et cetera, but i think he came back to the house caucus and realized this represents an increase in taxes, an increase in revenue and that the republican caucus in all those 63 new moments who were voted, they have given
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their word to the american people we're not going to do this. we don't believe in that and it goes against our principles so i think he's back on the proper page. >> so pat, who is the president supposed to be negotiating with? is it speaker boehner and his proposed plan for 4 trillion in cuts, revenue raising and eric cantor saying that any agreement must be net revenue neutral or mr. mcconnell who waves the white flag, raise the debt ceiling, republicans won't stand in your way? >> he's got them all down there, martin, but what his situation is looking at the republicans. mcconnell is not raising the white flag as much as he's saying this is bad, inhospitable terrain on which to fight. let's kick the can down the road and battle the president somewhere else. he -- the president of the united states, i don't know who he's negotiating with because he's not going to get any new reven revenue. that would be a capitulation. it would a complete defeat for the republican house, and they will not go along with it. the only way boehner can get
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enhanced revenue or tax increases is going with a republican democrat centrist majority which would then cost him his speakership and i don't think that's going to happen. >> you were saying that mcconnell is not waving the white flag, and yet conservative activist brent bosel suggests that mr. mcconnell, and i'm quoting him, has betrayed the trust of the american people. newt gingrich calls it an irresponsible surrender, and is there any chance anyway that mr. mcconnell's suggestion would ever pass? >> i think -- it's not going to go through the house. there's no sense trying to get it through the senate. i look on it as a strategic retreat, strategic withdrawal quite frankly rather than a total surrender. what mcconnell is saying basically is we're not giving you any new taxes, mr. president, but we don't think we're going to fight you on this particular terrain. so i understand what he's doing. it's not going to go through the house, but i'll tell you the president's still got himself a problem here. he's not going to get any new
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revenues what. boehner ought to do is pass an increase in the debt ceiling and tack on $1 trillion in budget cuts agreed to in the biden committee and send it over to the senate and the president. let them veto it and let them shut down the government. >> yeah, right. >> pat buchanan, thanks so much for joining us that. >> that's the buchanan plan, martin. >> indeed, thank you. >> next, bombings rip through an indian financial center. we're live on the scene.
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breaking news at this hour. president obama has strongly condemned the bomb attacks in india earlier today offering the nation's condolences and saying the united states government will continue to monitor the situation. at least 21 people were killed and 113 injured after three bomb
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blasts rocked the financial capital of mumbai. officials say one attack came in the crowded neighborhood in the center of the city and in the jewelry market and an area near the opera house. the attacks happened at a time when tensions are high between the u.s. and india's ah enemy pakistan. reza, what is the strategy of multiple bombs in multiple locations? tell us about both the motive and the likely perpetrators of these attacks. >> well, it certainly bears the hallmarks of a group like lashkar-e-taiba, of course, the group responsible for the devastating 2008 attack on mumbai. at the same time, i think investigators are saying that the relatively small scale of this attack and the fact that the bombs were rather crude. there were actually ieds,
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martin, incates that it could be an indigenous terror organization, an organization known as the indian mujahadin which may or may not have links to lashkar-e-taiba but that remains to be seen. no one has accepted responsibility just yet. >> you say these were small devices, but 21 people killed, and at least 113 injured is not small. secretary of state hillary clinton is scheduled to visit india next week, but the united states is currently in a very tense situation with india's rival pakistan, as you know. does the u.s. have to tread lightly here if there's any indication that pakistanis and indeed the organization that you just referenced may have been behind these attacks? >> well, certainly if that is the case. if this can be traced to a group like lashkar-e-taiba, a group that has been -- it's a pakistani group, a group with ties to the pakistani isi, intelligence organization. no question that is going to severely strain the relations, not just between india and
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pakistan which by the way, remember, are in the middle of starting their peace talks, but also it will really strain the tense relationships between the united states and pakistan. that may very well be the reason for these attacks, by the way, martin. i mean, this is a group that would like nothing more than to sort of put the final wedge between the u.s. and pakistan and already things are teetering on the verge of collapse. >> we've heard that the pakistan head of intelligence is heading to washington. we don't know who he's meeting with, but why do you think he's here? >> right, the head of the isi. we're in a situation where the relationship between the united states and pakistan, as troubled as it, has to be salvaged. the pakistanis need the united stat, if for no other reason, they really need the $2 billion in aid that we send them just this year alone, and the united states desperately needs pakistan. it's an incredible strategic importance. it's the primary military route
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for aid into afghanistan, so i think what's happening now is that calmer heads are starting to prevail, and i think if these one-on-one talks with the head of the cia and the head of the isi and perhaps with secretary clinton, you're going to see an opportunity to salvage this very important but very tense and troubled relationship. >> indeed. thanks so much for your insight. next, the murdoch hacking scandal moves to the halls of capitol hill. stay with us. us restoring rinse. it's the only listerine® that gets teeth two shades whiter and makes tooth enamel two times stronger. get dual-action listerine® whitening rinse. building whiter, stronger teeth.
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another high-stakes meeting at the white house begins in just under 40 minute, but it's hard to exaggerate how serious this situation has become, with both sides apparently at loggerheads over how to raise the debt ceiling by the beginning of august. congresswoman loretta sanchez is a congresswoman from california, and i'm delighted to say she joins us. good afternoon. >> good afternoon. thanks for having me. >> do you agree with senator reid that the mcconnell proposal is serious, and even if it is,
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does it have any chance of becoming law? >> well, it's interesting how senator mcconnell would put something on the table, an interesting proposition, one that works actually. i hope that it is serious because we have to think out of the box. if the republicans in the house are so reticent to cross a line that they have really put in the sand and haven't moved from, we need to find a resolution to this. >> but i thought the president said that he wasn't prepared to do a short-term deal, and the very notion of mcconnell's proposal is that it's a very temporary measure. >> well, it would depend on what the real details of that. i've heard that it could go through the next election, and for the president, you know, he's not only considering that we have to pay our bills, but he's also got to consider that we're going into the political calculation at this point. >> what is your reaction to eric cantor's conduct throughout these negotiations?
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>> well, it would be my assertion that if you're really serious you would come to the stable and would you stay at the table and you would look for a definition of what it takes to get -- to get past where you are, to get past the impasse. americans believe that their government works, and they want us to sit at the table in a serious manner and get to the heart of facts and figure out how we can come to compromise. and all americans realize that compromise is a part of the way that our government works, so for eric cantor to have walked away from the table several times now or to sort of cast the implication that this deal is not his deal. i think it's wrong, and i think it's t sort of gives fodder to the tea party and those who are more less able to come to the table at this point. >> what is your take on the president's apparent willingness to negotiate on things like social security?
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is this something that you expected of a democratic president? >> well, i would expect that the president wants to come to the table and make a deal, and i would expect he has several things that he will work on or that he might move on. i would not suggest that a president come to the table and put it out front the first time that he comes, but that tends to be president obama's style. you know, there are a lot of things that we can do in social security that can find savings. there are things that we can do in medicare that can find savings. for example, why cap at $110,000 earners where we charge for medicare, charge the entire year, regardless of what people make, that would bring revenues to the table. >> okay. what are you hearing from your constituents following the president's statement that he can't guarantee social security checks, payments to veterans and so on if this debt ceiling is
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not raised by august the 2nd, what are your constituents saying about that? >> well, my constituents are saying they understand that the republicans are not moving. even republicans that i represent have called to my office and said who do we need to get to to ensure that these republicans begin to move and come to the table and actually negotiate so i think people are getting the message out there. i have heard from a lot of people and most of them have not blamed the democrats nor the president for this. they are blaming the tea party, and they are blaming the republicans in the house of representatives for walking away from the table of negotiation. >> congresswoman loretta sanchez of california, as ever, thanks for joining us. >> thank you for having me. coming up, why one u.s. senator feels that the foul play in rupert murdoch's media empire may well extend to these shores. ♪ i used to see the puddles,
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the scandal shaking up the murdoch empire in britain has now reached this shores with some asking whether news corp's activity here in the united states should be scrutinized. today frank lautenberg submitted a letter to the attorney general where he wrote the limited information already reported in this case raises serious questions about the legality of the conduct of news corporation and its subsidiaries under the fcpa. he goes on to say further investigation may reveal that current reports only scratch the surface of the problems at news corporation. accordingly, i am request that doj and the s.e.c. examine these circumstances and determine whether u.s. laws have been violated. the senator's letter mirrors similar outrage from senator rockefeller from west virginia and senator robert menendez of
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new jersey and today brought news that murdoch abandoned his bid to take over british sky broadcasting. the question remains how much power should one media baron have. joining us now is stephanie gosk. the withdrawal to the bskyb bid is a blow to rupert murdoch but given the opposition of the government, is it fair to say he simply had no alternative? >> reporter: didn't seem that he did, martin. had this rare instance where political parties in this country got together on one issue and agreed, and the issue was that murdoch needed to back down from this deal. they were going to vote on a motion to urge him to back off, an inside news corp both them to the punch and said that they were going to withdraw from the deal, but this was going to be the largest acquisition news corp has made in its history, and it was set to generate billions of dollars. it was going to be extremely profitable for them, and now it
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has gone away. as a result of a scandal that began at news of the world over allegations of phone hacking reporters. martin? >> absolutely. it's possible that murdoch may take another crack at trying to acquire bskyb. today gordon brown launched a withering attack on the entire murdoch empire. do you think it's possible that he'll sell his newspapers and dismantle the british arm of his media empire? >> there has been some theory that he may do that, just because they are proving to be such a headache, but rupert murdoch is a newspaper man, and they are his pride and joy, specifically in the u.s., the "wall street journal," where he got his beginning. it's unclear whether he'd be willing to do that. what you do see there is a chink in the armor. there was a criticism his bskyb deal before the scandal even broke out because it was rupert murdoch, because he is criticized for owning too much and having too much influence,
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and now because of this scandal, the door has been open to those critics to take advantage of this moment and cut him off at the quick. and here we have the case of this deal with bskyb going down. >> absolutely. neighbors's stephanie gosk, as ever, thank you so much. with more on the extent of murdoch's reach and his involvement with governments around the world, we're joined by john burns of the "new york times" from london. and john, you might be described in complementary terms as an old-school journalist, one of the most seasoned and experienced war correspondents working today, so what was your reaction of the revelations of wrongdoing that have come out over recent days? >> well, i don't think anybody -- any old hack, old lack like myself is going to be surprised by this. i mean, i've known since i was almost a boy in short pants that that's -- that's the way, as we used to call it, fleet street,
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particularly the down market or mass market end of fleet streets operates. >> hacking into the telephones, hacking into the telephones of deceased individuals? >> i think -- i think that it has -- these practices, and this certainly seems to be commonly conceded now in the pubs around where murdoch's papers are based in east london, that these sorts of practices have been very widespread for a very long time. of course, what you and i are talking about now is a particular practice which became accessible only through modern technology, but if you went back 15 years, you'd find that the ink-stained wretches of fleet street had all kinds of ways to get at a story. have you to remember that compared to them -- i'm not excusing what they do. i'm talking about the facts of life as they see them. compared to them, you and i are
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very privileged. we are not placed under the kind of pressures that they are. you don't survive on the tabloids in london for five minutes unless you absolutely go out and, you know, you are prepared to kill for the paper. have you to do whatever you do to get the story. regrettable, of course, but that's a fact of life. >> we know murdoch wanted to buy bskyb. how does his media empire here in the united states compare with that in britain because we know that he has single-handedly the biggest media mogul in the uk. how does he compare in the u.s.? >> well, i think the profiles are somewhat similar, you know. he has the new york post on the one hand, a down market paper and then he has the "wall street journal" on the other. here he has "the times of london" on the one hand, an up market paper and got "the news of the world" on the other. he has a good spread.
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he has a powerful or would have liked to have had here, as in the u.s., a powerful television network and sky television is an extraordinary, though it's a satellite broadcaster, thus with somewhat more limited audience. i mean, it's extremely power f.certainly the most popular sports broadcaster and film broadcaster in this country. so, yes, i mean, on both sides of the atlantic ocean and in other places, too, this man is extremely powerful. as a matter of fact, no matter what happens this week and here after, rupert murdoch will be an historic figure in the press in britain. he -- he reshape the entire landscape of newspapering in britain. >> how did he manage, john, to have such powerful influence over the highest elected officials in the land? mean, it's often been said that you can't be elected prime minister of the united kingdom unless you have the support of rupert murdoch. >> yeah. well, there was the famous occasion when "the sun," one of
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the papers in the frame of all of this ran a headline after the conservatives won an election in 1992 against all odds that -- "the sun's" headline the next day was it's "the sun what won it" and at the time there were few political commentators that disagreed. the tabloids, enormous circulation. just to give you a measure. the "new york times" has give or take a million copies in print a day. of course, now tens of millions of people who read us on the web, but to talk about the print editions, a million a day, a little bit more than that on sunday. murdoch has counted his circulations at the "news of the world" until relatively recent times, it was close to 8 million. now considerably lower than, that all newspaper circulations have shrunk, but even now he's talking about 2.6 million copies being sold every sunday or he did until this sunday until he, of course, killed the paper.
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so these papers have enormous political influence, and people have been very afraid of alienating mr. murdoch, precisely politicians and celebrities and others, partly because of the power to make and unmake governments and partly because of the ruthless practices of the tabloid newspapers which if they take a dislike for any reason to a person in the public domain, it could be a sports personality, it can be an entertainment personality, may not even have done anything other than be famous. >> how times -- >> and if newspapers can g after them, they can destroy them. >> john burns, how times have changed. thank you very much. coming up, michele bachmann, the marriage ref. stay with us. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh.
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my colleague is in the newsroom with a big sports story. melissa. >> huge, martin. another exciting day for u.s. women's national soccer team which this afternoon marched right through opponent france for a 3-1 victory. u.s. women jumped out to a 1-0 lead when lauren cheney scored in the ninth minute and france would day the game in minute 54. amy wambach scored off a corner kick, again on a head ball and 22-year-old alex morgan added insurance in the 82nd minute. this is the women's first trip to the women's final since 1996 who brandi chastain pulled off her shirt in a victory celebration that we've seen about a million times since i think. the u.s. women's team will play either japan or sweden in sunday's final in frankfurt so go usa. or across the pond they call it. >> fabulous call. >> does it ever get on your nerves that we call it something
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completely different than the rest of the world. >> in the at all. >> thanks, melissa. >> michele bachmann and her latest head-scratcher on marriage in america. stay with us.
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developing news at this hour from the republican campaign trail. former minnesota governor tim pawlenty has announced he will not sign a marriage pledge written by a conservative group in iowa. pawlenty says he agrees with the principles of the pledge but prefers to choose his own words. not so with michele bachmann who attempted to explain why she did sign it. >> what i signed was a statement that affirms marriage as an important part of our nation, and i agree with that. i think that marriage is very important. it's the fundamental unit of our government, and i think it's important that we do uphold marriage. >> fundamental unit of
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government? really? i don't ever recall learning that marriage was the fundamental unit of the government in this country, but it must be working, because a brand new quinnipiac poll shows tt romney in the lead but look who is in second place, none other than michele bachmann. maria cardona is a democratic strategist and she joins us now. maria, do you have any idea what michele bachmann is talking about as marriage being a fundamental unit of government? >> i think what it means, mar n martin, is that if she becomes president of the united states she's going to actually appoint a secretary of marriage. that's the only thing that i can gather from that -- that statement. it really is a head-scratcher, but i think more than that, it really sends chills down the spines of mainstream americans when they think that this woman could be on the path to becoming president of the united states, and i actually think it sends chills down the spines of some serious gop leaders who know
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that if she does become their primary winner, there's no way that she can win the general election, exactly because of these things she talks about when she explains herself. she digs herself into a deeper hole. >>ful our broadcast yesterday i had a number of people making contact saying most christian dozen not share michele bachmann's husband's approach as it it about straightening about gay people. i thought this election was about the economy so how come we're veering off into sexual orientation, marriage being a unit of government? what's going on here? is she slightly confused about the agenda that she wishes to put forward? >> well, i think what's happening, martin, is she's trying to do what she can to win the gop primary, and what that means to her is doing everything she can to shore up the ultra right wing conservative base. we see to your point earlier it is happening in iowa.
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she is fastly becoming one of the front-runners. she could win iowa if she continues down this path, but then the danger for her and for the gop primary, martin, is that for other gop primary contenders and for the party as a whole is that there is no way that she's going to be able to tack to the middle for a couple of reasons. first of all, because i do think she fundamentally believes all of the things that she has said, not just recently, but in years before, and in talking about homosexuals and homosexuality and what she and her husband believe, that's just chilling, and secondly, when and if she does become the winner of the gop primary, there's no way that she can become relevant to mainstream americans who, as you said, their main concern is job creation. >> but maria, the problem is she's doing so well in the polls. she's doing so well in the polls. >> well, she is, but if you look at the polls, they are very
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state-based, martin, and as you know, especially in the gop primary, most of the folks who are really attune to what's going on this early in the stage in the presidential primaries are those very ultra right wing conservatives, the tea partiers, if you will, who michele bachmann has become a darling of, so it really doesn't surprise me that she is rising in the polls, especially in iowa, who has a really strong conservative christian right wing ideological bend, and they are going to be the ones who will -- really will determine the winner, and that's why i think folks like mitt romney and others. >> jon huntsman. >> and others are very nervous about that rise. >> jon huntsman and tim pawlenty, they must all be nervous. >> absolutely. >> thanks so much. >> thank you so much. now to the unseasonably early and particularly brutal national drought already taking a
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early and brutal drought. if the forecasts are accurate, this drought could become one of the nation's worsts. it comes on the heels of a string of severe weather systems in recent months, from that rare and remarkable dust storm in phoenix to the devastating and deadly tornadoes that stunned the midwest. so just why are we seeing these extreme systems? damon morgland is with friends of the earth, and he joins us this afternoon. good afternoon, damon. we add the flooding in north dakota, a string of poppy .tornadoes, are we seeing the beginning of climate change? >> it certainly seems to be the case. scientists have long been telling us these kind of intense, ferocious storms, floods, droughts and wildfires were exactly the kind of thing we'll be seeing. you know, as we pump tens of millions of tons of atmosphere-warming gases into the atmosphere every day, we can
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expect to see this kind of problem, because we have the evaporation of water, we have the heating of the air, and in turn, we have these intense downpours and other kinds of storms. this may be the new scary normal we'll be facing. >> is this about to become the norm for this country? >> it's not just this country, of course. we're facing extraordinary droughts and wildfires, floodings all around the world, not to mention, of course, the extraordinary melton of sing of ice. you have to put it in perspective. for example, the last decade is the warmest on record. >> how much will this cost in real terms, in dollar terms to this nation? >> i think we're absolutely already facing billions of damages. this extraordinary drought in texas, for example, where we have all of the counties in texas being deciding nated as
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disaster zones, the estimate for that alone is $4 billion. it's interesting to know that one of the two largest reinsurance companies on the planet has now said, look, the only plausible explanation for the extraordinary weather storms is climate change. so i think you see. >> 4 billion for texas, but overall, what do you expect the figure is nationally? >> i think we're seeing tens, if not hundreds of billions, when you look at the extraordinary floods and problems around the planet? >> damon moglen, thank you so much. we'll be right back. don't worry, lucky,
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it's time now to clear the air. it's been another dark day for rupert murdoch and his colossal news corporation. a after a week of allegations involving everyone from members of the british royal family to the cell phones of americans who lost their lives on 9/11, he as decided to abandon his bid to buy british sky broadcasting, and there were rumors he may sell the newspapers he owns in the uk. peter king has called on the fbi to investigate news corp to whether it indeed hack to the phones of 9/11 victims. this is nothing short of a catastrophic turnaround for the 80-year-old australian, now a citizen of the united states and the owner of "new york post,"
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"wall street journal," and of course fox news. but has been a watershed moment for politicians. just last month at his annual summer party, he hosted the british prime minister, the leader of the opposition, and every other influential public figure at a magnificent sham spain-soaked party in kensington. as usual, every guest lined up to kiss his ring, to seek his continued patronage and fawn over this powerful media baron. just a month ago, you couldn't cou -- could count on one hand anyone figure who would offer criticism, but now they're all lining up to condemn him and the actions of his newspaper staff. how how did -- the answer brilliantly, methodically,
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aggressively, and slowly. when he baud the news of the world 42 years old, he was just another newspaper propry tore, but over time he bought more and more. politicians of different stripes simply allowed him to keep on growing. they keep telling us we don't need government to intervene, we need government to get out of the way. by the tomb powell 'tis realized one media baron had become so powerful he was capable of intimidating government and even swinging elections, they were simply too powerless to do anything about it. at an event a few years ago, one of his newspaper editors walked up to the then prime minister john major and told him that his paper was going to, pour, quote, a bucket of exdecrement.
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>> mr. murdoch is a disturbing example of when government falls on its knees and gets out of the way. even to the point of determining an outcome of a general election. as british politicians finally wake up to what has happened to their democracy, let's hope mr. murdoch is never allowed to do the same thing in this country. thanks very much for watching. dylan is here to pick up and take us forward. dylan? >> indeed we are. beautifully said. i completely concur, mr. bashir. we await a comfort with ron paul, what is a small or large government, and a government with integrity.

Martin Bashir
MSNBC July 13, 2011 3:00pm-4:00pm EDT

News/Business. Journal Martin Bashir uncovers some of the world's biggest breaking news stories. New.

TOPIC FREQUENCY Boehner 12, Murdoch 11, Pakistan 8, Rupert Murdoch 8, Michele Bachmann 7, Mcconnell 5, India 5, Seroquel 4, Britain 4, Bskyb 4, Mr. Mcconnell 4, Mitch Mcconnell 4, Obama 4, Harry Reid 3, London 3, Texas 3, John Boehner 3, Mr. Murdoch 3, Uk 2, Geico 2
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